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Elon Musk's xAI and Nvidia join Microsoft, Blackstone, and MGX AI Fund to support the expansion of AI infrastructure.
PANews, March 19 news, according to CoinDesk, Musk's xAI and Nvidia have joined Microsoft, Blackstone, and MGX investment funds to jointly expand AI infrastructure in the United States. The fund is called AI Infrastructure Partnership, with plans to raise over $30 billion to build data centers and energy projects supporting large-scale AI models. The first data center is expected to be completed in 2026, located in Abilene, Texas, accommodating approximately 400,000 Nvidia AI chips and providing 1.2 gigawatts of power supply.